OPEN-SOURCE SCRIPT
EvoORZ - Multi-Timeframe Optimal Retracement Zones
EvoORZ — Multi-Timeframe Optimal Retracement Zones
Disclaimer: EvoORZ is currently a prototype under active development. Despite extensive testing, the indicator may still contain errors, particularly in the detection or display of certain zones. All displayed results should therefore be verified before being used as part of any trading decision.
EvoORZ is a multi-timeframe indicator designed to automatically detect and display retracement zones based on significant market legs.
Its purpose is to make it easier to identify areas where price may retrace before potentially resuming the original directional move.
Several settings are available to adapt the detection process to different markets:
number of bars located to the left of the pivot;
number of bars required to confirm the pivot;
minimum leg size expressed as a multiple of ATR;
swing detection based on candlestick wicks or bodies.
The ATR filter helps reduce minor market fluctuations and prioritizes legs with more significant amplitude.
The indicator distinguishes between currently active zones and historical zones.
EvoORZ also allows users to customize:
the colors of bullish and bearish zones;
the transparency of active zones;
the transparency of historical zones;
the text displayed inside the zones;
the label size;
the visible timeframes;
the sensitivity of swing detection;
alerts triggered when a new zone is created or when price first interacts with a zone.
Important
EvoORZ is primarily a market-context tool.
A retracement zone does not, by itself, constitute a buy or sell signal. It should be analyzed in conjunction with market structure, the broader trend, liquidity, volatility, volume, and the other elements included in your trading plan.
Zones derived from higher timeframes can be used to establish the broader market context, while lower-timeframe zones may help refine trade execution.
This indicator does not predict future market movements and does not guarantee that price will react to any displayed zone. It should be used as an analytical aid and not as a standalone trading system.
Disclaimer: EvoORZ is currently a prototype under active development. Despite extensive testing, the indicator may still contain errors, particularly in the detection or display of certain zones. All displayed results should therefore be verified before being used as part of any trading decision.
EvoORZ is a multi-timeframe indicator designed to automatically detect and display retracement zones based on significant market legs.
Its purpose is to make it easier to identify areas where price may retrace before potentially resuming the original directional move.
Several settings are available to adapt the detection process to different markets:
number of bars located to the left of the pivot;
number of bars required to confirm the pivot;
minimum leg size expressed as a multiple of ATR;
swing detection based on candlestick wicks or bodies.
The ATR filter helps reduce minor market fluctuations and prioritizes legs with more significant amplitude.
The indicator distinguishes between currently active zones and historical zones.
EvoORZ also allows users to customize:
the colors of bullish and bearish zones;
the transparency of active zones;
the transparency of historical zones;
the text displayed inside the zones;
the label size;
the visible timeframes;
the sensitivity of swing detection;
alerts triggered when a new zone is created or when price first interacts with a zone.
Important
EvoORZ is primarily a market-context tool.
A retracement zone does not, by itself, constitute a buy or sell signal. It should be analyzed in conjunction with market structure, the broader trend, liquidity, volatility, volume, and the other elements included in your trading plan.
Zones derived from higher timeframes can be used to establish the broader market context, while lower-timeframe zones may help refine trade execution.
This indicator does not predict future market movements and does not guarantee that price will react to any displayed zone. It should be used as an analytical aid and not as a standalone trading system.
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。